News: Brokerage

SL Green Realty Corp. signs three retail leases totaling 71,547 s/f

SL Green Realty Corp. signed leases totaling 71,547 s/f with three separate national retailers in three of the borough's most sought-after submarkets—Times Sq., The Plaza District and Chelsea. "We are pleased to attract such prestigious, well-known retail anchors in these three strategically-located properties," said Brett Herschenfeld, managing director of SL Green Retail. "Our retail portfolio continues to be a meaningful source of growth for the company." Equinox, one of the nation's global leaders in holistic fitness centers, has signed a 25-year, 32,000 s/f four-level lease for a portion of the retail component of 10 East 53rd St. Situated in the Plaza District, the Club is scheduled to open in 2016 and will provide a wonderful amenity to SL Green's newly redeveloped building. Lowe's Home Improvement, a Fortune 100 home improvement company with more than 1,835 locations nationwide, has signed a 15-year lease for a Chelsea flagship store comprised of 36,000 s/f on multi-levels at 635-641 Sixth Ave. in Chelsea. Joe Mastromonaco and David Smookler of the Dartmouth Co. represented Lowe's, while RKF's Ariel Schuster, Gary Alterman and Ross Berkowitz acted on behalf of SL Green. Skechers USA, a leader in high performance, lifestyle footwear, which designs develops and markets more than 3,000 styles, has committed to a 3,519 s/f 10-year lease at the iconic 1515 Broadway in Times Sq. Skechers was represented by Gene Spiegelman of Cushman & Wakefield, while Jeffrey Roseman of Newmark Grubb Knight Frank acted on behalf of SL Green.
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